Right now I have an account with Bank of America and I want to switch to another bank. And the only real way to find out what bank is good by is asking real people.
2006-10-21 04:56:11 · 13 answers · asked by Chas 1 in Business & Finance ➔ Personal Finance
Most all banks are the same. If you overdraw your account, then they charge you. The ones that offer all this free checking require some kind of minimum balance (I've seen as high as requiring a $2000 minimum balance) so keep in mind that there's no such thing as a free lunch. If you keep overdrawing your account, the problem isn't the bank, it's you. Look for a bank that has lots of ATM's and that don't charge you to use the ATM or teller. TCF is open more than a traditional bank but they charge you for everything you do through an ATM. If you don't want an ATM, that won't bother you. Look for a bank with reasonable minimum requirements and most banks seem to offer better accounts if you have a direct deposit going in. I hear pretty good things about Chase, LaSalle, National City, and Comerica. I don't know if you have all of these in your area. Credit Unions might be an option but know what you're getting into. A Credit Union is NOT a bank. With a credit union, your deposits are kind of like buying stock in the company, because a credit union is non-profit. They don't always have the same rules as banks, some better, some worse policies. Keep in mind that if your credit union does poor business, (has a bad customer base that's always overdrawing and costing the institute money, for example) will reflect on your deposit's interest. Go collect some brochures, read the fine print. Ask the teller/banker whatever you want to know. Don't be afraid to grill them and give them some what-if scenarios. Whatever you don't like about your bank, ask about the feature/policy your prospective bank takes on the issue. They're all basically the same, keep that in mind. What one has in great interest rates it lacks something else, or vice versa. Good luck.
2006-10-21 05:31:35 · answer #1 · answered by Abcdefg 3 · 1⤊ 0⤋
The funds in your account are not available for your use because they are being sent to the credit card companies you owe. The only way you will be regected from opening an account at a bank is if you owe the bank money and they reported you to Chexsystems, or you do not meet their minumum identification/deposit requirements. You can try to open an account at TCF Bank or Acdamy Bank, those are what you call "second chance" banks, they do not do a chexsystems history check on their depositors. If the funds are being frozen in your accounts for creditors you owe, I advise that you settle your debts, because they will follow you to whatever credit union or bank you may go to and freeze your accounts again.
2016-05-22 07:42:05 · answer #2 · answered by ? 4 · 0⤊ 0⤋
I actaully like Bank of America since they treat me well. They waived all checking fees. They are a big bank so you need to be a big fish to catch their attention. My business used BofA plus I had my home mortgage there.
Credit unions can be a good choice for many yet I found it hit and miss. Some do a great job while others are extremely poor.
CD savings rates are low. Go with treasure bills instead. http://www.treasuredirect.gov
2006-10-21 04:58:51 · answer #3 · answered by Plasmapuppy 7 · 0⤊ 0⤋
For an in person bank, Washington Mutual has easy free checking. For an internet bank, look on bankrate.com for the best rates. HSBC, GMAC Bank, etc. have high savings rates. Emigrantdirect.com has poor customer service.
2006-10-21 06:20:10 · answer #4 · answered by Tony M 2 · 0⤊ 0⤋
I know for a fact that TCF Bank is a good bank. There open 7 days a week from 8am-8pm. They also have free checking and they have a overdraft protection program that's really good too. I think you should check them out!!
2006-10-21 05:07:22 · answer #5 · answered by Quita 1 · 0⤊ 0⤋
Commerce bank is open 7 days a week, and that's a rarity nowadays. It really depends on your location and what is convenient for you. I personally use Sovereign and am happy with them!
Good Luck!
2006-10-21 04:58:18 · answer #6 · answered by britishlit2002 3 · 0⤊ 0⤋
I've been with Wells Fargo for 25 years and don't have any complaints. It really depends on how you use your bank and what services/fees fit and maybe geographical coverage. I frankly don't see a difference.
2006-10-21 05:05:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Personally, i use Smart Financial CU
but Chase is good-they merged with bank one so they are everywhere.
but SmartCU is the best
2006-10-21 05:04:57 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Actually if there r credit unions were your at ive never had a problem with mine and i have been with mine for 16 yrs.
2006-10-21 04:58:45 · answer #9 · answered by purplethrob 2 · 0⤊ 0⤋
i have had wachovia for like 5 years, they treat me well, but WaMu is supposed to be good
2006-10-21 05:20:54 · answer #10 · answered by frediks10 3 · 0⤊ 0⤋